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The Big Mac Index

The Big Mac Index

| July 20, 2020
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When measuring the “value” of a currency, most think of a traditional yardstick such as gold.  However, economists sometimes also look at more readily and widely available commodities for their studies.  The Economist just released the latest version of its Big Mac Index, which tracks the cost of a McDonald’s Big Mac around the world.  In this year’s Big Mac Index, you’ll find that the Swiss are paying the Swiss Franc equivalent of $6.91 for a Big Mac, making it the most “expensive” Big Mac on the planet.  But Big Mac fans everywhere might be glad to know that to know you can still get a Big Mac for less than two bucks…in South Africa.  There, you’ll pay just the Rand equivalent of $1.86! (Chart by chrtr.co, data from The Economist)

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